Peas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Peas Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis across the globe. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Market Snapshot

Pea Protein Market Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.3 %

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Market Overview

The global peas production is projected to register a CAGR of 4.3% during the forecast period (2021-2026).

COVID-19 has poorly impacted agriculture commodities, including pea production, due to the unavailability of input and transport facilities. The spread of the virus had disrupted the supply of agro-products to markets and consumers, both within and across borders of countries.

The increasing world population, mainly in the developing regions, is continuously driving the consumption demand for dry peas, which also acts as a major driving force behind the growth of the peas market. Dry peas are ranked fourth in terms of world production of legumes below soybeans, peanuts, and dry beans. Yellow peas and green peas are commercially grown varieties, with yellow peas dominating global production.

North America is the largest market due to the favorable climatic regions, where various commercial varieties of peas such as dry peas, yellow, green, maple, green marrowfat, and Austrian winter peas are grown. According to FAO, Albania is the largest producer of green peas, which produced around 13.3 million metric ton in 2019.

Scope of the Report

Peas are the fourth-most important legume crop, following soybean, groundnut, and beans. These are cool-season crops with numerous usages for food and animal feed. Pea varieties, including garden peas (fresh and green peas), field peas (dried peas), and pea varieties, are grown primarily as forage crops. Pea crop is a grain legume that produces high protein feed for animals and human nutrition. 

The Peas Market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of peas across the globe. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend analysis)
North America
United States
Canada
Europe
Russia
United Kingdom
France
Ukraine
Asia-Pacific
China
Australia
India
South America
Brazil
Argentina
Africa
South Africa
Egypt

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Key Market Trends

Growing Demand for Pea Protein Ingredients is Driving the Market

Pea proteins extracted from yellow peas dominate the food industry. It is added to veggie burgers, energy bars, and popcorn to milk, yogurt, and ice cream. Even in some cases, pea protein is replacing soy protein isolates in processed foods. The increasingly fitness-conscious population and a gradual shift to vegan protein diets from consuming meat products are the factors driving the demand for peas in the market. Owing to their high nutritional qualities and increased western influence, pea proteins have gained popularity even in developing countries.

Pea Protein Market Latest Trends

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United States Dominate the North American Region

The United States, Canada, and Mexico are the leading producer of peas in North America. Minnesota is the largest pea-producing state in the United States. Other green pea-producing states following Minnesota are Washington, New York, Wisconsin, and Oregon. However, Montana, North Dakota, and Idaho are the major dry pea production states. According to the ITC Trade Map, the United States represented about 13.4% of the global exports with USD 51,209.0 thousand in 2019. According to FAO, dry peas production in the United States increased from 643.0 thousand metric ton in 2017 to 1,013 thousand metric ton in 2019. The growing consumption of pea-derived products in the region is driving the growth of the market.

Pea Protein Market Share

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

      2. 5.1.2 Europe

        1. 5.1.2.1 Russia

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Ukraine

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Australia

        3. 5.1.3.3 India

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Egypt

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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Frequently Asked Questions

The Peas Market market is studied from 2016 - 2026.

The Peas Market is growing at a CAGR of 4.3% over the next 5 years.

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